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RELATED QUESTIONS

Capital Account

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyUnder the fluctuating capital system, to which account is the deceased partner’s share of profit up to the date of death usually credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyOn the date of a partner’s death, his Capital Account shows ₹75,000, his share of the Reserve Fund is ₹15,000, and his share of profit up to the date of death is ₹10,000. Assuming there are no other adjustments, what will be the total amount due to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the death of a partner, his capital is ₹64000 and his share of accumulated profits is ₹36000. Assuming there are no other adjustments, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn a partner’s death, what effect do the firm’s accumulated profits have on the deceased partner’s claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital account has a balance of ₹1,12,000, and their share of goodwill is ₹8,000. Ignoring all other adjustments, what will be the deceased partner’s total claim based on these two items?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyHow will the salary due to a deceased partner up to the date of death be recorded in the partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital account has a balance of ₹79,000, and the partner’s share of the reserve fund is ₹21,000. Based only on these two items, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy is the deceased partner’s share of revaluation loss deducted from the amount due to the deceased partner’s estate?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital is ₹1,01,000 and the goodwill attributable to the partner’s share is ₹9,000. Assuming there are no other adjustments, what will be the amount of the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the death of a partner, how is the deceased partner’s share of accumulated loss recorded in his account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhen the deceased partner’s share of profit up to the date of death is credited to the partner’s capital/current account, what is the effect on the account’s credit balance?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssertion: When a partner dies, he is entitled to his share of the profit earned up to the date of his death. Reason: He was a partner of the firm up to the date of his death.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUnder the fluctuating capital method, to which account is the deceased partner’s share of profit up to the date of death generally credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA deceased partner’s Capital Account has a balance of ₹98,000. His drawings are ₹8,000 and his share of the firm’s goodwill is valued at ₹10,000. Assuming no other adjustments, what will be the net claim payable to the deceased partner’s executor?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhile determining the amount payable through a deceased partner’s capital account, which of the following items is generally deducted?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital account has a credit balance of ₹92,000. His share of the revaluation profit is ₹8,000, and there are no other adjustments. What total amount will be payable to his legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the death of a partner, how is the partner’s share of accumulated profits, such as the general reserve, treated in the partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIn a firm, a deceased partner’s capital is ₹85,000 and their share of goodwill is ₹15,000. If there are no other adjustments, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyHow is the deceased partner’s share of profit earned up to the date of death treated in the firm’s books?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhich statement is correct regarding a deceased partner’s share of profit in a partnership firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert